Su Zhu, co-founder of the bankrupt crypto hedge fund, Three Arrows Capital (3AC), has been detained by law enforcement in Singapore over a year after the hedge fund collapsed in 2022.

Zhu, who was believed to be in Dubai at some point following the collapse of 3AC, was reportedly arrested at Singapore’s Changi airport.

[DB] Three Arrows Co-Founder Zhu Apprehended in Singapore: Statement: Bloomberg

— db (@tier10k) September 29, 2023

A Singapore court ordered Zhu’s imprisonment for four months.

The same order was issued for Kyle Davies, Zhu’s co-founder, although his whereabouts remain unknown at press time.

This is a developing story.